TOKYO -- Japan's SBI Holdings and Saudi Arabia's Albilad Capital have reached a basic agreement to provide investment funds to each other, including what will be Saudi Arabia's first Japanese-equity mutual fund.
SBI will launch the fund in the first half of fiscal 2025 through unit SBI Asset Management, targeting retail investors across the Middle East. The fund may focus on game- and entertainment-related Japanese stocks like Nintendo and Capcom, which the Saudi government's Public Investment Fund has invested in.
